The growth witnessed in Kenya is reflective of the payments landscape in the rest of Africa, reports Cellulant, with a noted shift in consumer behaviour Digital payments have shifted from being a nice-to-have for businesses to a necessity as more consumers prefer digital platforms as their primary payment method. This is according to Faith Nkatha,
With the easing of lockdown restrictions, Absa has witnessed a 231% increase in contactless card volumes (tap to pay) across debit and credit cards this year. With Black Friday once again falling over the pandemic period, consumer and retailer behaviour has been significantly altered, signaling a shift in how people transact as one of South Africa’s
Recognising the key role that digitisation is playing in the financial lives of more and more of its customers, South Africa’s leading fuel and convenience retailer Engen is prioritising electronic payment solutions at the core of its customer offering. With over 3.4 billion litres of fuel pumped from Engen forecourts in 2020, or approximately 25%
NCR Corporation (NYSE: NCR), a leading enterprise technology provider, has announced that Royal Farms, a privately owned chain of convenience stores, is expanding its partnership with NCR to equip all of its 250+ stores with self-checkout solutions. “We introduced the first NCR self-checkout solutions in 2019, and while we saw direct benefits in the same
iVeri has announced that it has completed integration with software and consulting company Synthesis Software Technologies to increase the opportunities available to businesses using software-based Point of Sale (SoftPOS) across Africa and the Middle East. Synthesis became the first Tap on Phone solution provider in Africa when it launched Halo Dot with Nedbank in June 2020. This launch was
By Paul Kent, CEO at Adumo The early stages of the pandemic were marked by a sudden shift away from cash purchases as consumers sought to limit their exposure to items that were seen as unclean. Industry figures indicate that 89% of South African consumers have used contactless payments to purchase groceries since the start
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution. The NQR is an innovative payment option implemented for all financial service providers and designed to promote quick and fast transactions
By Mark Templemore-Walters, Operations Director: Cash Connect What would happen tomorrow if we could turn South Africa into a cashless society with a wave of a magic wand? Far from turning the country into a crime-free paradise of low transaction costs and widespread financial inclusion, it’s more likely that chaos would reign in many communities
Brands can now deliver immediate value to consumers through chat Clickatell, a leader in mobile communications and chat commerce, has announced it will unveil new payment capabilities via its Chat Commerce Platform at Money 20/20 Las Vegas, Oct. 24-27. Clickatell helps businesses easily deploy payments in chat channels with low to no execution risk associated
Futurex, a leader in hardened, enterprise-class data security solutions, has announced a next-generation encrypted key loading (EKL) solution together with Verifone, a global leader in payment and commerce solutions. Remote key loading, which leverages encrypted key loading, is an essential part of managing point of sale (POS) terminals and PIN pad devices. This technology securely delivers
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